Core Viewpoint - The International Bank for Settlements (BIS) warns that stablecoins, if unregulated, pose risks to financial stability and monetary sovereignty, despite their rising popularity in the market [1][3][4]. Group 1: BIS Warning on Stablecoins - BIS states that stablecoins lack the necessary characteristics to be considered reliable forms of currency, failing to meet three key tests: singularity, elasticity, and integrity [3][4]. - Current data indicates that stablecoins pegged to the US dollar account for 99% of the market share, with a total circulation exceeding $260 billion [3][4]. - The report compares stablecoins to private banknotes from the 19th century, which undermined the unconditional acceptance principle of central bank-issued currency [4]. Group 2: Regulatory Perspectives - The Hong Kong Monetary Authority (HKMA) emphasizes the need for a balanced view on stablecoins, highlighting that they should not be seen as investment tools but rather as payment instruments [7][8]. - HKMA's Chief Executive, Eddie Yue, notes that stablecoins present unique challenges, particularly in anti-money laundering efforts, and calls for international regulatory cooperation [8]. - The Financial Stability Board (FSB) has provided a regulatory framework for global crypto asset activities, which serves as a reference for Hong Kong's regulatory system [7][8]. Group 3: Market Reactions - Following the BIS warning, Circle's stock price fell over 8%, retreating from its historical high of approximately $299 [1]. - Despite the warning, the market remains enthusiastic, as evidenced by Guotai Junan International's approval to provide comprehensive virtual asset trading services, leading to a nearly 200% increase in its stock price [1].
事关稳定币,“央行的央行”最新警告
天天基金网·2025-06-26 05:06